Barack Obama

Obama Strong with Major Donors, Too

By Matthew Mosk
Sen. Barack Obama's campaign has been widely hailed for its ability to tap into the scarce resources of the average political enthusiast and generate small donations online.

But in July -- just as in June -- Obama was extremely reliant on major donors who can afford to write a check for $28,500 or more. Of the $51 million he raised in July, $12 million came in transfers from donors to the Democratic National Committee's victory fund -- the very donors who write the biggest campaign checks.

With $400 million raised so far from 2 million donors, Obama's average contribution is about $200.

That low average figure isn't quite as groundbreaking as it may seem. In 2004, the Bush campaign raised $260 million from 1.3 million donors -- and also had an average donation of $200.

(The limit on contributions in 2004 was $2,000; today it is $2,300.)

Small donors did have a substantial presence in Obama's donor universe in July, as well. His latest financial disclosure report, released late last night, showed about $16 million in unitemized contributions, meaning they arrived in increments of less than $200.

Comments

And Obama NEVER released documents regarding his time in the State and U S Senates. Where did he go and who did he see during this time?
This is the same man, along with HIS supporters and his team, that almost forced the same from Hillary Clinton. And she delivered! He is a major hypocrite! And "UNITING this country" is the understatement of this political century!

First he cheated himself into the State Senate. Then, due to cheating, disenfranchising MILLIONS of voters through caucuses, not counting votes of entire states, and giving pledged delegates based on 1988 DNC rules put into play to help JJ's run for the Presidency... he was given the Democrat nomination! Now, follow the money as Obama trys to BUY himself into the White House!

He has NO experience!

American Voters,
Just say NO!

Posted by: DEM now IND | August 21, 2008 8:00 PM

@ JakeD:

Funny, if you look at your same website, that $11,540,120 is only 6% of his total contributions, as compared to $13,575,369 (11.3%) undeclared for McCain. Seems someone's being a lot more transparent about a lot more money than their opponent (Obama has declared $374,333,800 as compared to McCain's $141,526,549), so glass houses and all that.

Of course, I also like looking at that because it drives home that Obama has approximately twice as much money on hand as McCain, half as much debt, and has raised around twice the money as he has this quarter. Ahhh, money money money. :)